Explain how third parties are adversely affected

Assignment Help Project Management

Reference no: EM133539017

Assignment: Core Assessment Project

Instructions

Question A. What is a negative externality? Construct a graph for the market for Steel showing the market price and quantity when the firms are dumping their industrial waste in the local waterways. What is the motivation for firms to pollute the local waterways?

Question B. Explain how third parties are adversely affected from the pollution and how the negative externality can be internalized. Draw into the graph the appropriate shift of the supply curve which will remedy the negative externality and bring about the socially optimal level of output.

Question C. What is a positive externality? Construct a graph for the market for vaccine shots showing the market price and quantity.

Question D. Explain how third parties are benefiting from those who consume vaccine shots and how the positive externality can be internalized. Draw into the graph the appropriate shift of the demand curve which will remedy the positive externality.

Reference no: EM133539017

Questions Cloud

Energy Efficient MAC Protocol with Fair-Scheduling Technique : CEG 7450 Advanced Computer Networks, Wright State University - Energy Efficient MAC Protocol with Fair-Scheduling Technique in Multi-hop MANETs

The role they play in creating caring community of learners : The role they play in creating a caring community of learners? Different methods and strategies that could be used to support them,

What is the cyber policy of United Kingdom : What is the cyber policy of United Kingdom? What are some key terms that have been defined by your nation - including cybersecurity,

Identify at least one strength of the article : The next paragraph should be to identify at least one strength of the article and at least one weakness of the article.

Explain how third parties are adversely affected : Explain how third parties are adversely affected from the pollution and how the negative externality can be internalized.

How the interviewed person became an expert and his advice : post your comments regarding how the interviewed person became an expert and his advice that might apply today.

Address types of customer information that may be collected : Address the types of customer information that may be collected and how that data may be used within the business.

How are creativity and innovation defined : How are creativity and innovation defined? Which do you believe is of greater value to a company, a creative employee or an innovative employee?

Describe three sections of cash flows and what they involve : Describe the three sections of cash flows and what they involve. Is there any additional information that you like to see to better understand this company?

User Account

All Pages